Temple & Webster Reaped a 90% Improvement in Revenue | ASX Market Update

  • Jun 18, 2020 AEST
  • Team Kalkine

The ACCC has summarized preliminary concerns with the proposed acquisition of Fitbit by Google, stating that access to consumer health data may increase entry barriers, further entrench its leading position and negatively affect competition in numerous digital advertising & health markets.

The country dropped another 227,000 jobs in May, with the unemployment rate reaching 7.1 per cent, its highest level since 2001. The Australian Bureau of Statistics on Thursday revealed the country has now lost more than 824,000 jobs over the past two months, taking employment down to where it stood in March of 2017. Unemployment lifted from an upwardly revised 6.4 per cent in April.

Furniture and homewares online store Temple & Webster has reaped a 90 per cent improvement in second-half revenue to date after people turned to Internet shopping during the coronavirus pandemic. There were many sales to new customers among the results to May 31, according to management, which were a big rise on the same period last year. Year to date revenue is up 68 per cent to $151.7 million compared with the same period last year.

#ACCC #JOBS #Furniture #Kalkine


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